IOC approves projects for Barauni, Panipat refineries

State-owned Indian Oil Corp. Ltd. (IOC) has reached final investment decision on its previously announced proposal to increase oil processing capacity at the company’s 6 million-tonne/year Barauni refinery in Begusarai District, Bihar (OGJ Online, Aug. 11, 2015).

At a Sept. 29 meeting, the company’s board approved an investment of 82.87 billion rupees for a project that includes expanding crude processing capacity to 9 million tpy and adding a downstream polypropylene unit at the Barauni refinery, IOC said in a Sept. 30 filing to the National Stock Exchange of India Ltd. and BSE Ltd. (formerly Bombay Stock Exchange).

The board also approved a separate investment of 15.27 billion rupees at the Sept. 29 meeting for projects at the company’s 15 million-tpy Panipat refinery and petrochemical complex in Haryana north of New Delhi.

Alongside ongoing implementation of an olefin-recovery project, the Panipat investment will cover an expansion of the complex’s existing naphtha cracker, a revamp of the monoethylene glycol (MEG) plant, and modifications to a benzene expansion unit, the company said.


Upon first announcing the project in 2015, IOC said it will execute the Barauni expansion project in two phases.

A detailed configuration study and technoeconomic evaluation for Phase 1 of the expansion—which will boost capacity by 1 million tpy to 7 million tpy—remain under way, with the project scheduled for execution in 2016-17, India’s Ministry of Petroleum and Natural Gas (MPNG) said in a July operational update.

Phase 2, which will add the remaining capacity increase of 2 million tpy, is due to be completed by 2020-21, MPNG said.

A final timeline for the Panipat olefin-recovery project has yet to be disclosed, but implementation, which began in 2015, remains ongoing, IOC said in its latest annual report.

Contact Robert Brelsford at

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Making DDoS Mitigation Part of Your Incident Response Plan: Critical Steps and Best Practices

Like a new virulent strain of flu, the impact of a distributed denial of service (DDoS) attack is...

The Multi-Tax Challenge of Managing Excise Tax and Sales Tax

To be able to accurately calculate multiple tax types, companies must be prepared to continually ...

Operational Analytics in the Power Industry

Cloud computing, smart grids, and other technologies are changing transmission and distribution. ...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...